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PROPERTY INFO
FACTS
- Single Family
- Built In 1965
- Price/Sqft : $240.88
- 6 Days on Market
- MLS # : U8109620
- Updated Date : 01/13/2021 at 16:28
CONSTRUCTION
- Beds : 3
- Floor Size : 1,370 sqft
- Baths : 2 full
Listing Agent
Re/max Realtec Group Inc
Listing Agent's Description
FANTASTIC AREA IN DEL ORO GARDENS NEAR KAPOK TREE! 3 BEDROOM, 2 BATHROOM POOL HOME. DONT MISS YOUR OPPORTUNITY TO LIVE IN ONE OF THE MOST CENTRALLY LOCATED AREA IN PINELLAS! ONLY A SHORT WALK FROM BAYSHORE DEL ORO PARK AND THE SCENIC REAM WILSON TRAIL. 20 MINUTES TO CLEARWATER BEACH AND TAMPA AIRPORT. 30 MINUTES TO ST. PETE! NEW ROOF IN 2019. NEW IMPACT WINDOWS JANUARY OF 2020. NEW A/C IN JULY OF 2020. APPLIANCES UPDATED IN 2017. OPEN KITCHEN AND LARGE POOL DECK. WASHER / DRYER AS IS. NO WARRANTY. MAKE YOUR APPOINTMENT BEFORE ITS GONE!
SEE MORE
- 2nd Best City for Young Entrepreneurs (Forbes)
- Florida state ranks 4th most favorable in the country in State Business Tax Climate Index (Tax Foundation, 2019). Tampa inherits the rank being part of Florida.
- Tampa's economy is worth over $156 billion in Gross Metro Product and projected to grow to $165 billion in 2019 (USMayors.org, 2018)
- Headquarters to several Fortune 1000 companies: Publix Super Markets, Tech Data, Jabil Circuit, WellCare Health Plans, Raymond James Financial, Bloomin’ Brands, HSN, and TECO Energy (Fortune, 2018)
- #8 in America's Fastest Growing Cities (Forbes, 2018)
- Tampa metro employment growth is at 2.6% and predicted to grow at 2.1% in 2019 (USMayors.org, 2018)
- One of the best cost-friendly American cities to do business (KPMG)
- Tampa metro contributes to 15.4% of Florida state economy i.e. Gross State Product (USMayors.org, 2018)
- #2 in Homebuilding Prospects #10 in Overall Real Estate Prospects (Emerging Trends in Real Estate 2019, PWC)
PRICE & RENT TRENDS
Zip Code: 33759
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 33759
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,800 |
| EXPENSES | Loan Payment | -$1,146 |
| Property Tax | -$426 | |
| Property Insurance | -$116 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
-$17
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 13% of earned rent to cover both maintenance and periods of vacancy.
$330,000
PROJECTED PRICE
$1,800
PROJECTED RENT
0.55%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.13% |
| Appreciation Year (1-5) | 5.2% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 5.27% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$93,200
LOAN DETAILS
$1,146
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $82,500 |
| Loan Amount | $247,500 |
6
YEARS SAVED
$22,056
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,800
LIST RENT -
$1.31
LIST RENT PER SQFT
-
$1,596
COMP ESTIMATED VALUE -
$1.17
COMP AVG. RENT PER SQFT
Comps Range
-
3136 Thomas Rd Clearwater, FL 5
- 3 beds 2 baths ∙ 1,370 Sqft ∙ Built 1965 3 beds 2 baths ∙ 1,370 Sqft ∙ Built 1965
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- Rent Per SQFT
- $1,800
- $1.31
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3111 Johns Pkwy Clearwater, FL 1
- 3 beds 1 baths ∙ 1,247 Sqft ∙ Built 1950 3 beds 1 baths ∙ 1,247 Sqft ∙ Built 1950
LEASED 08/26/20- Rent
- Rent Per SQFT
- $1,450
- $1.16
-
1208 Melonwood Ave Clearwater, FL 2
- 4 beds 2 baths ∙ 1,300 Sqft ∙ Built 1972 4 beds 2 baths ∙ 1,300 Sqft ∙ Built 1972
LEASED 04/13/20- Rent
- Rent Per SQFT
- $1,599
- $1.23
-
886 Harbor Hill Dr Safety Harbor, FL 3
- 3 beds 2 baths ∙ 1,569 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,569 Sqft ∙ Built 1984
LEASED 08/25/20- Rent
- Rent Per SQFT
- $1,695
- $1.08
-
1201 Hollywood Ave Clearwater, FL 4
- 4 beds 2 baths ∙ 1,466 Sqft ∙ Built 1972 4 beds 2 baths ∙ 1,466 Sqft ∙ Built 1972
LEASED 07/16/20- Rent
- Rent Per SQFT
- $1,749
- $1.19
PROPERTY LISTING DETAILS
1.727.785.3355
Re/max Realtec Group Inc
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: U8109620
Last Updated: 01/13/2021
